Jiangsu Allfavor Intelligent Circuits Technology (300964.SZ) plans to acquire an 80% equity stake in Guangdong Guangle Optoelectronics, a company specializing in PCB products with special materials and processes, in order to accelerate its industry layout.

Jiangsu Allfavor Intelligent Circuits Technology (300964.SZ) announced that on September 20, 2024, the company signed an investment agreement with Zeng Hongbin, Chen Jinqiu, Zheng Ning, etc. The company acquired 80% of the equity of Anhui Guangdong Optoelectronic Technology (Zhuhai) Co., Ltd. ("Anhui Guangdong Optoelectronics") held by the three individuals for 3 million RMB (corresponding to a subscribed capital of 5.328 million RMB, but not yet paid). The company will use its own funds to fulfill the obligations of the subscribed capital as specified in the Investment Agreement and the Articles of Association of the target company. At the same time, the target company's registered capital will increase by 8.34 million RMB, of which the company will subscribe for 6.672 million RMB with its own funds. After the completion of this transaction, the target company's registered capital will increase from 6.66 million RMB to 15 million RMB, and the company will hold 80% equity in the target company (corresponding to a subscribed capital of 12 million RMB), and the target company will be included in the company's consolidated financial statements. According to the announcement, Anhui Guangdong Optoelectronics is a manufacturing enterprise specializing in the research, production, and sales of special materials such as thermoelectric separation copper substrates, mirror aluminum substrates, and ceramic substrates for PCB products. It has professional and independent production facilities and management teams, with a core team having rich experience in the field. By coordinating the industrial resources of the company and Anhui Guangdong Optoelectronics, leveraging synergies and complementary advantages, it will help accelerate the company's industrial layout, enrich the company's product system, expand downstream application areas, and enrich customer resources.